[ad_1]
“PC and poly spun yarn gained in the Ludhiana market as mills sold limited products to avoid price cut. Tight supply helped traders and stockists to increase the yarn prices,” a trader from Ludhiana market told Fibre2Fashion.
India’s polyester and polyester-cotton yarn prices improved due to tight supply and relaxations in restrictions in China. PC, poly spun and recycled polyester fibre prices rose today. PC and poly spun yarn increased by ₹3-7 per kg, while recycled polyester fibre rose by ₹2-3 per kg. Spinning mills were not keen on selling the yarn at low prices.
In Ludhiana, 30 count PC combed yarn (48/52) was sold at ₹210-215 per kg (GST inclusive) and 30 count PC carded yarn (65/35) was priced at ₹180-185 per kg. 30 count poly spun yarn was sold at ₹150-155 per kg. Recycled polyester fibre (PET bottle fibre) was at ₹76-79 per kg, according to Fibre2Fashion’s market insight tool TexPro.
In Surat, Gujarat, poly spun yarn prices increased by ₹4-5 per kg due to improved buying and an increase in the demand for raw materials. A trader from Surat market said, “Improved buying coupled with China’s relaxations in COVID restrictions have supported yarn prices. Chinese government has relaxed COVID restrictions after protests across the country. The resulting high economic activities jacked up the demand for raw materials of polyester.”
Reliance had also increased raw material prices after China relaxed the rules. 30 count poly spun yarn was traded at ₹135-136 per kg (GST extra) and 40 count poly spun yarn at ₹145-146 per kg.
Reliance Industries Limited had increased the prices of purified terephthalic acid (PTA), monoethylene glycol (MEG) and MELT for the current week. On Friday, RIL fixed the prices as: PTA at ₹77.60 per kg (+1.70), MEG at ₹55.80 per kg (+1.10) and MELT at ₹85.71 per kg (+1.84). Earlier, RIL had reduced the prices of PSF by ₹3 to ₹99 per kg for the current fortnight.
North Indian cotton prices improved as the natural fibre was priced high in futures. The prices increased by ₹50-100 per maund of 37.2 kg since Monday. According to local traders, cotton arrival remained limited. The prices found support from the future market. North India’s cotton arrival was estimated at 20,000 bales of 170 kg.
The natural fibre was traded at ₹6,350-6,450 per maund in Punjab, ₹6,350-6,450 per maund in Haryana and ₹6,550-6,600 per maund in upper Rajasthan, and at ₹61,500-63,000 per candy of 356 kg in lower Rajasthan.
Fibre2Fashion News Desk (KUL)
[ad_2]
Source link
